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Syndicate BankHome Loan

Syndicate BankHome Loans can be availed to purchase plots for construction of houses, construction /renovation/ repair/alteration/addition to house/flat and also to buy a fully constructed home.Syndicate Bank Home Loan is offered to every class of people at its reasonable and affordable rates of interest and has varied home loan benefits to please you. Know your home loan eligibility and get the best deal with Syndicate Bank Home Loan Eligibility Calcualtor.

Syndicate BankHome Loan Interest Rate

Interest Rate

9.50%

Processing fee range

Up to 25 Lakhs – 1.25% of the loan amount with a min. Of Rs. 500/- or a max. of Rs. 2500/Above Rs. 25 lakhs up to Rs. 75 lakhs: 1.25% of the loan amount with a max. of Rs. 3250/Above Rs.75 Lakhs: Rs.500/- flat

Loan available for individual borrowers in EWS*/LIG** categories in Rural , Urban and Metro Areas and members of Self Help Group in Rural , Urban and Metro Areas.

The minimum age of entry of the applicant is 21 years.

The applicant must earn more than minimum income required.

No Guarantor required.

Others eligibility in compliance with the bank.

Syndicate Bank Home Loan Documents Required

For salaried individual

Identity proof.

Address proof.

Birth proof.

Financial documents: Last three months bank statement, Last two months salary slip, Latest Form 16, Proof of at least 2 years of work experience.

For Self-Employed individuals

Identity proof.

Address proof.

Birth proof.

Financial Documents : Last three months bank statement, Most recent income tax returns with income computation, balance sheet and last two years profit and loss account statement. All documents are to be certified by a Chartered Accountant.

Proof of at least three years of business continuity.

Syndicate Bank Home Loan Prepayments – Nill pre-payment charges

SYNDICATE BANK HOME LOAN MCLR JANUARY 2019

Loan Tenure

MCLR

Overnight

8.30%

1 Month

8.40%

3 Months

8.55%

6 Months

8.70%

1 Year

8.75%

SYNDICATE BANK HOME LOAN MARGIN JANUARY 2019

Loans up to Rs. 20.00 lacs – 10%

Loans of above Rs. 20.00 lacs and up to `75.00 lacs – 20%

Loans of above Rs. 75.00 lacs – 25%

SYNDICATE BANK HOME LOAN QUANTUM

75% to 90% of project cost for new constructions / purchase of ready built house / flats. 70% of Project Cost for house more than 5 years old.

72 months Gross Salary in case of Salaried Class.

6 times of 3 years average income in case of non-salaried class.

LATEST NEWS

1)Syndicate Bank in collaboration with Kotak Securities will provide online trading account facility namely ‘Synd-Trinity’. Under the facility, the customers will be able to interlink CASA (Current account Savings account) with Demat and trading account. This product will be beneficial to those trading in shares. The Bank will provide the services of savings, current and demat account whereas Kotak Securities will facilitate the trading account.